Press Releases

SAN FRANCISCO--(BUSINESS WIRE)--Aug. 13, 2015--
Visa Inc. (NYSE:V) today announced that Samsung has joined the Visa
Digital Enablement Program (VDEP), which offers a commercial
framework that makes it easier for issuers and technology companies to
access the Visa Token Service. Samsung will use the Visa Token Service
(VTS) to offer secure mobile payments. By joining this program, Samsung
will be able to ensure financial institutions can offer Samsung Pay in a
convenient and scalable manner, which will ultimately help accelerate
the availability of Samsung Pay for consumers around the world.

“Samsung Pay is now one more way consumers can make secure payments
based on tokens -- technology that is quickly becoming the standard for
safe mobile payments,” said Jim McCarthy, Executive Vice President of
Innovation and Strategic Partnerships at Visa. “Similar to how Samsung
Pay is reaching mass merchant acceptance on day one, VDEP is making it
easy and cost-effective for payment providers, financial institutions
and technology companies like Samsung to take full advantage of token
technology and bring secure mobile payments to consumers everywhere.”

“As we launch Samsung Pay, we are proud to have Visa as a day one
partner,” said InJong Rhee, EVP of Samsung Electronics, Global Head of
Samsung Pay. “Visa Digital Enablement Program allows financial
institutions to easily offer Samsung Pay, a secure and easy-to-use
mobile payment service that can be used to make purchases nearly
anywhere cards are accepted.”

As the payments industry increasingly shifts from plastic to digital,
Visa is helping its clients and partners offer consumers a safe, simple
and consistent purchasing experience, regardless of where they are and
what device they are using. Key technologies and programs helping Visa
to make this shift include:

Visa Digital Enablement Program (VDEP): Designed to help
partners access Visa’s secure token technology, VDEP connects
financial institutions and technology companies to simplify and
accelerate the roll-out of new payment and commerce services. Visa's
new Digital Enablement Program provides a turn-key commercial
framework with no pass through fees between technology partners and
Visa’s more than 14,000 financial institution clients around the world
-- eliminating the need for complex contractual agreements and
technology integrations.

Visa Token Service (VTS): The Visa Token Service is a new
security technology that replaces sensitive payment account
information found on payment cards, such as the 16-digit account
number, expiration date and security code, with a unique digital
identifier that can be used to process payments without exposing
actual account details. Use of the Visa Token Service by partners like
mobile device manufacturers helps to ensure that sensitive card
account information is never stored online or on mobile devices and is
helping to transform the way consumers shop and pay with billions of
connected devices.

The Visa Digital Enablement Program and Visa Token Service are now
globally available to partners and clients. The Visa Token Service is
currently being utilized by more than 200 financial institutions in the
U.S. For more information visit www.visa.com/tokenservice
andwww.visa.com/samsungpay.

About Visa Inc.

Visa Inc. (NYSE:V) is a global payments technology company that connects
consumers, businesses, financial institutions, and governments in
more than 200 countries and territories to fast, secure and reliable
electronic payments. We operate one of the world's most advanced
processing networks — VisaNet — that is capable of handling more than
56,000 transaction messages a second, with fraud protection for
consumers and assured payment for merchants. Visa is not a bank and does
not issue cards, extend credit or set rates and fees for consumers.
Visa's innovations, however, enable its financial institution customers
to offer consumers more choices: pay now with debit, pay ahead of time
with prepaid or pay later with credit products.